Principal Activities
Provides scheduled air transportation services for passengers and cargo; airports services including airport mall management, airplane leasing, cleaning, catering and cargo handling; invests in development and management of public utility projects; owns and manages malls.
Date of Establishment Year
2006 (May)
Important/Recent Developments
In January 2009: the company started its operation. In 16 May 2011: the company stopped its operation.
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Listing Date:
15Dec08
Size of Offering:
$123.459M
Equity Offering:
70%
Lead Managers:
KIPCO Asset Management Company
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Major Shareholders  |
Section Updated: 05Oct11
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Fouad Alghanim and Sons Group [via Kuwait International Aircraft Leasing Company]
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Corporate |
Kuwait |
4.50% |
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Kuwait Company for Investment
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Corporate |
Kuwait |
4.20% |
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Bukhamseen Holding Group
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Corporate |
Kuwait |
3.40% |
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Hamad Mohammed Al Wazzan and Sons Trading Company
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Corporate |
Kuwait |
3.00% |
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Al Baraka Company for Trading and Construction
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Corporate |
Kuwait |
3.00% |
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Public
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- |
81.90% |
Note: Kuwait Projects Company (Holding) shares are part of the public shares.
Foreign Ownership Limits
Section Updated: 05Jan10
100%
GCC Nationals
100%
Foreigners
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Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
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| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
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KWD'000 |
KWD'000 |
change (%) |
Total revenues  |
22,195
|
37,691
|
69.82 |
Net profit  |
(10,897)
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(14,084)
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(29.25) |
| Total assets |
79,201
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78,389
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(1.02) |
| Paid-up capital |
50,000
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50,000
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0.00 |
| Shareholders' Equity |
38,639
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24,696
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(36.09) |
| Shares outstanding |
491,420
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491,420
|
0.00 |
| Market capitalization |
56,022
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39,314
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(29.82) |
| Note: Current shares outstanding is 500,000,000 |
| » View Full Financials |
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